DYNASTY TRUST
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can survive for 21 years following the death of the last beneficiary who was alive when the trust was put up, which can last for over one century. Usually, the trust’s beneficiaries are the grantor’s children, and after the death of the last child, the holder’s great-grandchildren. The trustee controls its operation, which is assigned by the grantor. An irrevocable trust, once if is financed, the grantor won’t have any control over the assets or be allowed to amend its terms.
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Conditionality
Requirements placed on using or distributing money, most frequently associated with aid money, which is lent to another country. Countries or inter ...
Mortgage Cash Flow Obligation - MCFO
A pay-through unsecured general obligation bond with many classifications. It combines the cash flow from a pool of mortgages and the revenue from ...
Back Of The Napkin Business Model
A casual word that pertains to the illustration of the fundamental parts of a business model except for any fine details. It include only the prima ...
KPW
The currency abbreviation for North Korean Won, currency of North Korea. It is divided by 100 chon and presented with the symbol W. The term &ldquo ...
SEC Form 24F-2
SEC Form 24F-2 is also referred to as the Annual Notice of Securities Sold. This means that SEC Form 24F-2 is a filing that must be annually submit ...
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